Peter Thiel on the US university education bubble (and why his foundation is awarding 20 people under 20 funding to leave education and start a company): "A true bubble is when something is overvalued and intensely believed. ... Education may be the only thing people still believe in in the United States. To question education is really dangerous. ... If Harvard were really the best education, if it makes that much of a difference, why not franchise it so more people can attend? ... It's something about the scarcity and the status."
(Source: TechCrunch. See also: on the education bubble in Tunisia, excerpt from John Carney)